Politics and Business
6 Easy Ways For Business Owners To Become Time Rich
One of the most challenging things about being a business owner is the lack of time you find yourself with. You may be making a decent amount of money thanks to your business, but you’ll often find that you’re overstretched, overcompensating, and struggling to find that work/life balance that we all crave.
If you want to make sure you’re a business owner who is not only money rich, but time rich, the 6 easy suggestions below can help you.
Don’t Be Afraid To Delegate
You need to embrace delegation as a business owner. Knowing your team well enough to know their strengths will help you to delegate efficiently. The last thing you want to do is delegate to the wrong person – although not delegating at all is also a bad idea. Trying to do everything yourself will mean spreading yourself far too thin. Let go of the reigns!
Automate Everything That Doesn’t Need A Personal Touch
Look at the things you do every day in your business, and then assess whether they really need a personal touch that only you or a member of your team can provide. There are all kinds of software options out there that could revolutionize some of your processes, helping you to save so much time and eliminating human error. Automating services like Cloud Accounting will ease your workload and give you more time to play with during the day.
For the things you can’t automate, you can outsource. You could outsource things like social media strategy, content creation, and much more. The great thing about outsourcing is that you don’t need to make any in-house hires, and you don’t need to worry about having another mouth to feed if you’re not 100% sure this is a service you need.
Cut Down The Working Week
Many places are finding success by cutting down the working week from 5 days to 4. This can cut costs for everybody, result in happier employees, increase productivity levels, and so much more.
Focus On Expectation Management
If you’re constantly putting out fires, it’s because you’re always available. Think on that for a second. If you don’t have any clear boundaries in place, it will always feel like people are crossing them.
Have a set time for things like answering the phone, looking at emails, and other tasks that you need to do. This will help you to regain control of your time, and you can re-adjust your expectations accordingly.
It’s important to stay engrossed in a task while you can, as getting in the zone again can take some time. This is how you can lose hours in your day and not quite know where the time has gone. Ignore the phone when it rings if you’re working. Better still, hire somebody to answer it and take care of your admin for you.
Sell Your Business
Perhaps what you really need to look at right now, is selling your business. Anybody can sell a business, and if you’re not entirely sure that you want to continue swapping all of your time to run yours, this could be the most effective option for finally becoming time rich.